Scales - SCL

[Jantar]

I hate to think it, but I guess this means that in another few years there will be over-production and a lot of trees being pulled out again.

Possibly, But don't forget that predicament came about under the ole Apple and Pear Marketing board, who were a single buyer for all export growers. Growers could only supply the types and quantity that the MB wanted, and in turn they would only sell to selected countries. New varieties were not encouraged.

Its a whole different world out there now.

[sb9]

https://nzx.com/companies/SCL/announcements/291701

Good to see CEO of logistics division buying on market, albeit a small parcel.

[winner69]

Spose good news
https://www.nzx.com/companies/SCL/announcements/291978




(Always suspicious when I read things like 'expected increase in Scales’ earnings per share of approximately 4% in FY17' and 'compelling synergies'. Sounds good though)

[winner69]

Hope that Longview announcement will be enough to stop the down trend in the share price that started last August

Immediately EPS accretive - up 6% - that should add 20 cents to the share price - more if rerated because this is good news

[h2so4]

Feels good.
Look at all that extra land. "..in the worlds best location for growing apples"

[Beagle]

Hope that Longview announcement will be enough to stop the down trend in the share price that started last August

Immediately EPS accretive - up 6% - that should add 20 cents to the share price - more if rerated because this is good news

Mate I thought they're talking 4% EPS accretive ? I've been as busy as a one armed paperhanger today so I probably misread something ? Market down 1% today so should theoretically be up 3% net today, and it is. Market pretty efficient eh !

[Snow Leopard]

4% positive this FY from 8 months contribution so there after that is

6% on a full year and there is "further profit uplift through to 2020"

Best Wishes
Paper Tiger

[Beagle]

Thanks. Hound is tired and short of available paws to work his abacus today.

[Snow Leopard]

4% positive this FY from 8 months contribution so there after that is

6% on a full year and there is "further profit uplift through to 2020"

Best Wishes
Paper Tiger

Thanks. Hound is tired and short of available paws to work his abacus today.

You must be tired - and so was/am I:
Scales EOY is December (so 10 months gone and only 2 to go);
If you recall Scales itself makes all most of its profit in the first half of the year.
<New bit as the brain finally starts to kick in>
Hah ah! They are talking about 4% next financial year.
</New bit as the brain finally starts to kick in>

So I was posting somewhat misleading facts - kindly ignore them.

Still a profit increase is a profit increase (that is probably correct).

Best Wishes
Paper Tiger

[winner69]

Been a bit boring of late the action around SCL share price

Hope they start pumping out a bit of good news to get punters excited again

Needs something to get to 4 bucks